What is the probability that a randomly selected customer will spend $20 or more?
1.0 – 0.133 = 0.867
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Which of the following statements is true about continuous replenishment program (CRP)?
A) It is used as a tool for market segmentation. B) It reduces the cost of producing goods. C) It is a part of efficient consumer response. D) It increases inventories at the retail side.
Sherrell Inc applies overhead using direct labor hours. The following data are available for the year: Estimated direct labor hours 170,000 Actual direct labor hours 160,000 Actual overhead $600,000 At the end of the year, it was determined that overhead was overapplied by $40,000. Required: A. What was the total applied overhead for the year? B. What was the predetermined overhead rate?
BarLey Inc. recently borrowed $125,000 from its bank at a simple interest rate of 12 percent. The loan is for one year, and the loan agreement requires the interest to be added to the amount borrowed and the total amount to be repaid in monthly installments. Compute the amount of the monthly payments on the loan.
A. $11,667 B. $12,222 C. $11,111 D. $11,997 E. $12,677
Most states have adopted the:
a. title theory, which gives the mortgagor the right of ownership and possession. b. lien theory, under which the mortgagor retains title and is entitled to possession to the exclusion of the mortgagee, even if the mortgagor defaults. c. title theory, which brings no right of redemption. d. position that the person who owns property subject to a mortgage will not be liable to the creditor for "waste.".